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The Finance Minister extended her best wishes to the Income Tax Department on the occasion of the 166th Income Tax Day. She also congratulated the Department for its commendable work in efficiently drafting the New Income Tax Bill, 2025 within the stipulated timeline.
As India observes Income Tax Day 2024, it is evident that the nation’s tax administration has come a long way since its inception in 1860. The journey from a rudimentary tax system to a sophisticated, technology-driven framework is a testament to the country’s progress. This day also serves as a reminder of the historical evolution of tax administration in India and the
ongoing reforms that aim to enhance tax compliance and simplify the process for taxpayers.
The 163rd anniversary of Income Tax Day was observed by Central Board of Direct Taxes (CBDT) and all its field…
